Unless you’re a Silicon Valley billionaire, it’s likely that your largest purchase will be your home. Maintaining a home costs money, and having that money ready takes planning and, sometimes, a little creativity.
Most homeowners tend to under-budget for planned expenses and get caught off guard by unplanned expenses. Do you know how you would pay for a six-figure expense like a roof repair or a new central air conditioner? If not, here are four ways to prepare for the big one-time costs of homeownership.